6 Steps of the Mortgage Loan Process: From Pre-Approval to Closing
There are six distinct phases of the mortgage loan process: pre-approval, house shopping; mortgage application; loan processing; underwriting and closing. Here's what you need to know about each step.
1. Mortgage Pre-Approval
Posted by Tony Mariotti on March 21, 2018 in Financing a Home
'Active Under Contract' Property Status: Everything You Need to Know
“Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not ...
Posted by Tony Mariotti on March 21, 2018 in Buying a Home